McGrath RentCorp Q3 EPS $1.65 Beats $1.25 Estimate, Sales $243.51M Beat $214.58M Estimate
Portfolio Pulse from saritha@benzinga.com
McGrath RentCorp (NASDAQ:MGRC) reported Q3 earnings of $1.65 per share, beating the analyst consensus estimate of $1.25 by 32%. The company also reported quarterly sales of $243.51 million, surpassing the analyst consensus estimate of $214.58 million by 13.48%. Both earnings and sales have increased compared to the same period last year.
October 26, 2023 | 8:08 pm
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POSITIVE IMPACT
McGrath RentCorp's Q3 earnings and sales exceeded analyst estimates, indicating a strong financial performance.
McGrath RentCorp's Q3 earnings and sales have significantly surpassed analyst estimates, which is a positive signal for the company's financial performance. This could potentially lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100